Lunn`s Statement .27 Sep 2025 10:55
I have only briefly read this Company update but irrespective of much of the detail I find a few issues quite alarming :
The whole document is frankly quite amateurish , it does not seem to have been appraised by any professional or legal entity .
There is NO clear evidence of future activities , of possible value assets or , on exactly what the `Relaunched Company` might focus upon to generate income and return for shareholders .
There is no indication of how severe the inevitable dilution dilution might be , perhaps only a fragile possibility of the 4p safety net for the CLN redemption .
A very weak implication that the Evans and Lenigas will be actively persued for misappropriation of Company funds or effectively theft , despite strong evidence in support of that case .
Although no Director fees have as yet been paid , they intend to get their remuneration at some later date once operational .
I find it incredulous that RMD would wish Lunn , or anyone else previously associated with this Company to be retained in post .
There is an over focus on Lunn himself whom I would describe as narcissistic , self important , lacking in professional directorship and financial skills and of limited education .
Bottom line ~ AS ALWAYS ~ Where is the value here , what assets does PPP actually have , why is Lunn ( and presumably some shadows in the background) so determined to take control of this business ? ?
I`ll have more time to read the detail again over the weekend ~ BUT ~ i can`t say I am impressed and remain as suspicious as ever regarding Lunn`s objectives and motivation .
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